Revenue to Inventors

Revenue Sharing

Additional UAMS policy can be found in the UAMS Administrative Guide, No. 12.1.05.

If an invention is commercialized, the inventors share in any revenue stream and may receive equity in any UAMS startup company that might be formed. Under University policy, after patent costs are reimbursed, the Inventor, or the Inventor’s heirs, successors, or assignees shall receive fifty percent (50%) of the first two hundred thousand dollars ($200,000) of net royalties or other net income from the commercialization of an Invention. The remaining fifty percent (50%) shall be distributed to the University in the following manner: forty-five (45%) to the chief operating officer of the Inventor’s campus or division for distribution within the campus or division for patent administration and research purposes; and five percent (5%) to a fund to be managed and distributed by the University of Arkansas for patent administration and research purposes. Â Any net royalties or other net income above $200,000, after patent costs are reimbursed, shall be distributed as follows: (a) thirty-five percent (35%) to the Inventor or the Inventor’s heirs, successors, or assigns; (b) sixty percent (60%) to the chief operating officer of the Inventor’s campus or division for distribution within the campus or division for patent administration and research purposes; and (c) five percent (5%) to a fund to be managed and distributed by the University for patent administration and research purposes. Royalties will be distributed normally on an annual basis, with payments being made within sixty (60) days after the end of a calendar year in which royalties from the Invention have accrued. Note: Net royalties are for this purpose defined as gross royalties received by the University minus the costs for patenting, licensing, and the protection of patent rights and copyrights.